Home Prices Up in Lexington Estates, But …

Houses in Lexington Estates sold for more in 2016. The average transaction price rose to $459,000* from $427K in 2015. This is a little misleading as the homes sold in 2016 were larger on average. Measured in dollars per square foot the average works out to $167/sq.ft., which is a very slight increase over 2015 and 2014.

Transactions ranged in price from $377K* for a 2100 sq.ft. 3-bedroom house up to $515K for a nearly 3000 sq.ft. 4-bedroom house. The best “bargain” in the neighborhood was 22147 Braddock. It sold for $512K with 5 bedrooms in 3300 square feet, including waterfront, a pool, 3-car garage and numerous upgrades in immaculate condition, all at only $153/sq.ft.

Lexington Estates is a gated community with just over 200 single family houses on the west side of US-441 (aka State Road 7) south of Palmetto Park Road. The location is convenient for commuters and shoppers but may be perceived as uncomfortably close to lower priced neighborhoods nearby.

*Excluding foreclosure-related transactions. With those included the lowest transaction for 2016 was $327K and the average was $446K.

Boca Winds Home Prices Up 8% and Selling Faster

22257 Vista Lago Drive was the largest Boca Winds transaction in 2016, selling for $680K on June 1st. The house has 6 bedrooms in over 3500 square feet. Image by Google

Homes in Boca Winds sold quicker and for substantially more in 2016. The average home price rose to $369K, up from $360K. That’s a 2.5% increase. The price rise was more pronounced on a dollars per square foot basis, at $174/sq.ft. in 2016, up 8% from $161 in 2015 and $159 in 2014.
Boca Winds is an ungated community at the far west end of Palmetto Park Road. It is bordered on the south by the Loxahatchee Canal and the county line, to the west by the Fran Reich Preserve, Boca Falls to the north and Boca Reserve to the east. It is zoned for the nearby Waters Edge Elementary, Loggers Run Middle, and West Boca High schools.
Boca Winds map; image and map data by Google

Our data show 82 transactions in 2016, up from 61 in 2015 and 60 in 2014. Homes are also selling quicker, averaging 42 days (median 26) vs. 57 in the two previous years. This is a pattern that is being noticed across a number of areas, so if you’re thinking of selling, it may be time to contact Monument CO realtors or ones closer to your area in order to get the best price for your home. The 2016 numbers include 7 REO transactions and 2 short sales. The busiest street was Sea Bass Drive with 9 transactions. These sales are higher than last year despite many of the houses needing work done to them as they have existing issues. The buyers are needing to have projects like WDR Roof Repair but are still willing to pay a higher price than last year.
22041 Palm Grass Drive was the second biggest transaction sold for $555K and the highest per square foot. The house has 4 bedrooms and 2 1/2 baths in 2600 square feet. Image by Google.

Homes sold in 2016 ranged from 1400 to 3600 square feet with prices typically ranging from the low $200s with 3 bedrooms and 2 baths up to the mid-$500s with up to 6 bedrooms. They were built from 1985 through 1999.
22466 Tuna Place sold for the lowest price in Boca Winds in 2016 at only $155K. The 2500 square foot home has 4 bedrooms and 2 1/2 baths. The price is so low we think something is fishy and are checking with the listing agent. We suspect this is a typo and that it actually sold for $355K.

This increase in the price of homes is generally seen across the States. Just ask any Winston Salem real estate agents and they will be sure to tell you the same thing is happening in North Carolina, for instance. It appears now would be a good time to start owning properties, before prices increase even further.

This is the second in a series of articles analyzing 2016 real estate transactions in West Boca. The first article covered Boca Falls. More coming soon.

Boca Falls 2016 Real Estate Report – Prices Up But …

21307 Rockledge Lane sold for $965K as a short sale in August. It was the biggest transaction of the year in Boca Falls. Image by Google

Boca Falls homes sold for higher prices in 2016 compared to previous years, but the numbers are mixed. The average transaction for the year was just under $593,000, up dramatically from the averages of $538K in 2015 and $522K in 2014. That’s a price increase of over 10% compared to the previous year.
21792 Marigot Drive sold for $860K, the second biggest price. Image by Google

When we dig into the numbers we find it’s not that simple. The reason for the increase appears to be the result of larger homes being sold. The average size in 2016 was nearly 3400 square feet (living area), up from 3100 square feet in 2015 and under 3000 square feet in 2014.
12443 Clearfalls Drive sold for $410K in a short sale, the smallest transaction in 2016. Image by Google.

Measured in dollars per square foot the 2016 average was $178/sq.ft, up from $174/sq.ft. in 2015 (a 2% increase). The number in 2014 was $177/sq.ft. Looked at this way Boca Falls home prices have not increased significantly in the last two years. We checked the numbers after taking out REO (foreclosure-related) and short sale transactions. It did not make a noticeable difference.
Click to read more about Boca Falls real estate.
21262 Falls Ridge Way sold for $483K, the smallest transaction not involving a foreclosure or short sale. Image by Google

If you’re thinking of buying or selling a home in West Boca, choose a Realtor® who knows the market. Call Warren at 888-733-5299 or e-mail him – [email protected].
This is the first in a series of articles analyzing West Boca real estate numbers from 2016. Coming soon we will do the same for Boca Winds, Boca Isles, Saturnia, The Oaks and plenty of others.

Recent Home Sales in Mission Bay, Lexington Estates, Boca Reserve and Boca Grande

The Mission Bay development consists of over twelve hundred homes within 10 “villages.” Certain villages have their own sub-associations. The community is just west of 441 and covers 500 acres on both sides of Glades Road. The land includes the Evert Tennis Academy and Boca Prep International School. There are swimming pools, tennis leagues, social events and more. HOA fees vary.

The Mediterranean style home at 10968 La Salinas Circle sold for $410,000. It has 4 bedrooms and 3 full bathrooms in 2261 sq. feet of living space. Special features include an updated kitchen with maple wood cabinetry, granite counter tops and new stainless steel appliances. The master bedroom suite has a double door entry and 2 large walk in closets. French doors lead to a screened in patio and pool. There are no rear neighbors. Built in 1993, it was purchased for $184,000 in 1995.
Lexington Estates is a gated community located on Palmetto Park Road, west of 441. Amenities include basketball and tennis courts as well as a community pool and picnic area. Students attend Coral Sunset Elementary School, Loggers Run Middle School and West Boca Community High School.

The contemporary ranch home at 10300 Lexington Estates Blvd sold for $442,000. It has 4 bedrooms and 3 full bathrooms in 2762 sq. feet of living space. The home has a 3 way split bedroom floor plan, high ceilings and lots of natural light. The kitchen has granite counter tops and stainless steel appliances. There is a new washer and dryer. A special feature is the custom built cherry wood bookcases from floor to ceiling in the den. The outdoor entertaining area includes a screened in patio and pool and a fence backyard.  Built in 1996, it was sold for $225,200 in 1997.
The traditional two story home at 10114 Lexington Estates sold for $465,000. It has 5 bedrooms and 3 full bathrooms in 2964 sq. feet of living space. The master bedroom and a guest bedroom are located on the ground floor. The custom kitchen has spacious counter tops, wood cabinetry and designer accents. The bathrooms have all been updated. Additional renovations include 18 inch tile and beautiful wood laminate flooring. Built in 1992, it was sold for $585,000 in 2005.
Boca Reserve is a gated community located off Palmetto Park Road, west of 441. The community has landscaped walkways and is close to shopping. Students go to Loggers’ Run Middle School and West Boca High School. We previously wrote about the development in 2014 and earlier in 2013.

The large ranch home at 12257 Boca Reserve Lane sold for $637,500. It has 5 bedrooms and 3.1 full bathrooms in 2979 sq. feet of living space. There is carpet and ceramic tile throughout. The custom kitchen opens to the family room. It has wood cabinets, granite counters and stainless steel appliances including a double wall oven. The master bath has dual sinks with separate shower and tub. The home also boasts a 3 car garage. The home was built in 2014 and originally purchased for $583,320.
Boca Grande is located on Palmetto Park Rd West. The community features large homesteads with room for stables and horses.

The large traditional home at 21640 Cartagena Drive sold for $1 million. It has 4 bedrooms and 4.1 bathrooms in 4363 sq. feet of living space. The open floor plan has lots of room to entertain and plenty of natural light. The chef’s kitchen has an island, pantry and breakfast bar. There is a grand entry, custom bar and soaring wood ceilings. The great room has a fireplace surrounded by stone. The backyard boasts a built in grill and screened in patio with a pool. This home is situated on 5 acres with a 4 stall barn and mature trees. It was purchased for $190,000 in 1985.

Recent Home Sales in Boca Falls, Boca Winds, Parkview Estates and Loggers Run

Zip code 33428 is located west of Lyons Road and south of Glades Road. Neighborhoods include Mission Bay, Boca Falls, Boca Winds, Loggers’ Run, and Avalon. The area is known for great schools and low crime.

Want to buy or sell a house in West Boca?

Boca Falls is a gated community with manned entrances west of 441 between Glades Road and Palmetto Park Road. The community has a new exercise room and other recent upgrades.
21307 Rockledge Lane; image by Google
21307 Rockledge Lane; image by Google

The Mediterranean style estate home at 21307 Rockledge Lane sold for $965,000. It has 6 bedrooms and 7.1 bathrooms in 6884 sq. feet of living space. The home also boasts a 4 car garage. The home underwent a complete renovation in 2010. Special features include soaring ceilings, floor to ceiling fireplace, a grand staircase and hardwood floors. The gourmet kitchen has top of the line appliances, custom cabinets and massive island. The lavish master suite has a morning bar, dressing area and huge bathroom. In addition, there is a movie theater, gym and game room. The backyard overlooks the lake and has a resort style pool and spa. Built in 1998, it was previously sold in 2008 for $960,000.
21681 Fall River Drive; image by Google
21681 Fall River Drive; image by Google

The large ranch home at 21681 Fall River Drive sold for $696,000. It has 4 bedrooms and 3.1 bathrooms in 3488 sq. feet of living space. Completely remodeled in 2015, it has a new kitchen and new bathrooms. The kitchen has 42″ cabinets, a large island and granite counters. The master bath has custom double vanities and a frameless shower. The den has a built in bookcase. There are travertine floors and wood floors in the bedrooms. The back overlooks the lake and has a pool and putting green. Built in 1996, it sold for $566,151 in 2015.
The home at 21461 Halstead Drive sold for $508,000. It has 5 bedrooms and 3 full bathrooms in 3388 sq. feet of living space. The San Francisco model has one bedroom and the master suite on the ground floor. New tile floors have been installed throughout the living areas and kitchen. The covered patio has a screened in pool. The home also has a 3 car garage. The home was built in 1997 for $299,800.
Parkview (Avalon) Estates is a gated community just east of 441 on Palmetto Park Road, behind Lowe’s. Students attend Sandpiper Shores Elementary, Eagles Landing Middle School and Olympic Heights Community High School.
9605-parkview-avenue
The home at 9605 Parkview Avenue sold for $665,000. It has 5 bedrooms and 4 full bathrooms in 3369 sq. feet of living space. This 2 story home has a ground floor master suite with bamboo floors and a completely remodeled bathroom and bath. The new kitchen has granite counter tops, a extra large peninsula and stainless steel appliances. A special feature is a gourmet full summer kitchen under a custom covered patio. French doors lead out to the heated salt water pool which has a new control panel and is surrounded by travertine pavers. Built in 1998, it was originally purchased for $367,000 and sold in 2013 for $615,000.
The custom home at 9725 Parkview sold for $580,000. It has 5 bedrooms and 4 full bathrooms in 3369 sq. feet of living space. The dramatic entry has custom wood moldings. There is a spacious open kitchen with a cozy breakfast nook. The master suite and guest room with cabana bathroom are on the first floor. The fenced in yard has a pool and lovely garden. The home was built in 1998 for $342, 500.
Boca Winds is a large community west of 441 on Palmetto Park Road. Community amenities include a clubhouse, basketball and tennis courts, a pool and sidewalks. Students attend Waters Edge Elementary School, Loggers’ Run Middle School and West Boca Raton High School.
12613 Little Palm Lane; image by Google
12613 Little Palm Lane; image by Google

The beautiful two story home at 12613 Little Palm Lane sold for $510,000. It has 4 bedrooms and 3.1 bathrooms in 3252 sq. feet of living space. The spacious master bedroom suite has a large master bathroom and is located on the first floor. The home boasts a loft on the 2nd floor for entertaining. The gourmet kitchen has upgraded cabinets, granite counters, new appliances and under counter lighting. It’s important to have a high quality finish if you’re looking to reach the asking price for your property. Have a look at this italian kitchen company for some inspiration to renovate your home before putting it on the market. The backyard has a screened in pool with a great view of the lake. Built in 1998, it was last purchased in 2012 for $425,000.
The Loggers’ Run development consists of fifteen subdivisions. Most of the subdivisions are not gated. The development features a common swimming pool, tennis courts and a playground. There are also jogging and biking trails. Students go to Sandpiper Shores Elementary School, Loggers’ Run Community Middle School and West Boca Raton High School.
22070 Woodset Way; image by Google
22070 Woodset Way; image by Google

The ranch home at 22070 Woodset Way in the Tamarron subdivision sold for $610,000. It has 5 bedroom and 4 full bathrooms in 3819 sq. feet of living space. This spacious home is located on a quiet cul-de-sac. A special feature is the sunken marble floor living room with a coral rock fireplace. Wood flooring is located in the main living areas. The master bathroom has a jetted jacuzzi tub and separate shower. A large covered patio with a built-in grill overlooks the private backyard with a heated swimming pool. Built in 1982 for $245,900, it was last purchased in 2009 for $737,500.
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